December 13, 2013 2:18pm ESTDecember 13, 2013 2:09pm ESTThe struggling Knicks are desperate for help — especially at the point guard position, and New York had recently reached an agreement with the Raptors to acquire starting point guard Kyle Lowry in a trade. But that was before Madison Square Garden chairman James Dolan pulled a David Stern and nixed the deal, Frank Isola of the New York Daily News reports.Madison Square Garden chairman James Dolan(AP Photo)

The struggling Knicks are desperate for help — especially at the point guard position, and New York had recently reached an agreement with the Raptors to acquire starting point guard Kyle Lowry in a trade.

“There are two problems,” the source told the Daily News. “Dolan didn’t like that someone from his group leaked it to the media, and the other problem is the Knicks seem to have too many (people) involved with making decisions.”

The Knicks were willing to trade away injured PG Raymond Felton, along with forward Metta World Peace and either Iman Shumpert, Tim Hardaway Jr. or a 2018 first-round draft pick, according to multiple reports. Raptors GM Masai Ujiri wanted the first-round pick, but Dolan reportedly got cold feet and was hesitant to trade away a future asset.

Ujiri was the GM of the Denver Nuggets when he and Dolan negotiated the Carmelo Anthony trade, which hasn't quite worked out well for New York. And as one source told the Daily News, “Dolan didn’t want to get fleeced again by Masai.”

The Knicks may still reconsider, according to the report, and it may not be a bad idea given the team's struggles.

Knicks front office regrouping on Kyle Lowry with Dolan, but Nets gaining traction as a possibility to land point guard, sources tell Yahoo.

Lowry, a probable defensive improvement over Felton, is also averaging a career-high 14.6 points per game with Toronto to go along with 6.7 assists — another career high. More important, Lowry's expiring contract keeps any Rajon Rondo-to-Knicks possibilities open.